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BRIEF-Joint Venture Of Naturgy And Kuwait Investment Authority Sign Deal To Build Wind Farm In Australia

Published 11/12/2020, 06:53 pm
Updated 11/12/2020, 06:54 pm
© Reuters.
NTGY
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Dec 11 (Reuters) - Naturgy Energy Group SA NTGY.MC :

* JOINT VENTURE OF NATURGY (75%) AND KUWAIT INVESTMENT AUTHORITY (25%), ANNOUNCED TODAY AGREEMENT TO BUILD A 97MW WIND FARM LOCATED AT HAWKESDALE, AUSTRALIA

* THE WIND FARM IS ESTIMATED TO REQUIRE TOTAL INVESTMENT OF AUD168 MILLION (ABOUT €100 MILLION) AND IS EXPECTED TO START OPERATIONS IN H2 2022

* SAYS CONTRACT CONSISTS OF A 15 YEARS POWER PURCHASE AGREEMENT (PPA) FOR ENERGY EQUIVALENT TO 97MW CAPACITY

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